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...Thompson managed a similar turnaround at his previous job at The New York Times, where he helped transform a legacy newspaper into a digital-first media group....
...China’s outbound M&A of $2.5bn is the lowest recorded amount over the same period since 2005....
...The firm has also agreed to back a £300mn deal to acquire a majority stake in a large property portfolio being sold by British Airways’ New Airways Pension Scheme, and bought a building in Birmingham for...
...A spokesperson for the Department for Culture, Media and Sport said the government would take a “balanced and pragmatic approach” to AI, adding: “Our multi-billion-pound publishing sector is the number one...
...Thomas Jensen Chief Executive, Milestone Systems, Brøndby, Denmark...
...Europe means a more subdued mood....
...The company’s board is close to announcing the result of a strategic review, which is looking at a range of options for the future of the group including a wind-down and sale of its assets....
...In the US, TGI Fridays is controlled by TriArtisan Capital Advisors, a US-based private equity firm, which will remain a major shareholder in the combined group....
...Have a great week, Helen ThomasHead of Lex...
...Pulling off a business revival, whether it is pivoting to a new opportunity (generally as a core market fades) or resurrecting a business from a scandal or mishap, is difficult stuff — full of ambitious...
...China’s outbound M&A of $2.5bn is the lowest recorded amount over the same period since 2005. Read more here...
...Thomas Wrathmell, the executive overseeing the shake-up, said the BBC was “disappointed by some of the commentary in the committee’s report and look forward to addressing the issues raised when we provide...
...Helen Thomas will be back next week. Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...At the end of 2020 Volkswagen opened a research and development centre in Anhui province, and owns a major stake in Guoxuan, a Chinese battery firm....
...It also has a wealth management joint venture with Agricultural Bank of China, in which it has a 51 per cent stake....
...Fixed asset investment grew 4.5 per cent against a year earlier in the quarter, boosted by a 9.9 per cent increase in manufacturing investment that was offset by a 9.5 per cent fall in property investment...
...Cobalt, like other battery metals, is in a bear market, thanks to supply growth. That is an opportunity for the automotive sector. Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Thomas Jordan informed the SNB he would step down at the end of September. “The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision,” the central bank said in a statement....
...Authorities ordered his arrest following the publication of chat messages suggesting he had been released after a drug trafficker bribed a judge....
...Silver Lake’s money helps Viavi do a deal that looks a good strategic fit. The private equity group, meanwhile, gets a downside-protected route into a company’s share capital....
...The National Bureau of Statistics on Tuesday reported a 6.1 per cent rise in industrial production and a nearly 10 per cent increase in manufacturing investment, which helped bolster a better than expected...
...Mexico has filed a complaint at the International Court of Justice, the UN’s top court, asking the UN to suspend Ecuador pending a public apology....
...At a Shanghai store run by Chagee, a popular milk tea brand that allows customers to order at a discounted price of Rmb16 on a WeChat app, Jing Li, 30, was buying a set of takeaway drinks for her colleagues...
...How to democratise the UK stock market, one research note at a time Jeff Bezos is selling. Should you? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
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